The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12% 36% Net operating income ? $ 360,000 Turnover ? 3 Margin ? ? Sales $ 3,200,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The average operating assets for Year 2 were?
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12% 36% Net operating income ? $ 360,000 Turnover ? 3 Margin ? ? Sales $ 3,200,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The average operating assets for Year 2 were?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...
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The Millard Division's operating data for the past two years are provided below:
| Year 1 | Year 2 | |
|---|---|---|
| 12% | 36% | |
| Net operating income | ? | $ 360,000 |
| Turnover | ? | 3 |
| Margin | ? | ? |
| Sales | $ 3,200,000 | ? |
Millard Division's margin in Year 2 was 150% of the margin in Year 1.
The average operating assets for Year 2 were?
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